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siarian

AUDJPY - Waiting for pullback to go SHORT

Australian Dollar / Japanese Yen (FX:AUDJPY)  
siarian Updated   
FX:AUDJPY   Australian Dollar / Japanese Yen
Wave Analysis
2
0
waveanalysis
I took this trade based on Daily TF as I saw multiple inside bar trade setup after a period of consolidation.
However, when I went to 4H TF, it seems to be W3 of an impulse wave. I took partial profit of the trade.

Now, it seems W3 is complete and I will wait for W4 to be completed . I will go short after further confirmation.
Comment:
W3 does not seem to be completed...waiting for the pullback
Comment:
In H4 time frame, the price did not retrace to the desired level, hence could not take the short position. However, in H1 time frame, it seems to be a completion of impulse wave and the correction phase is in progress. Will go for short after confirmation..

snapshot
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